AR Management - This article will explain the bank statement page and it's related sections.
During the Bank Statement upload process, Lumary will scan each transaction and check to see if it needs to be ignored.
Required packages and permissions
Available with: Lumary 22.82 and later
Permission: Lumary AR - AR Management & Lumary AR - EFT Matching
Lumary AR Management features do not necessarily come as standard. If these features are not available to your users, please contact your Account Manager.
This feature currently does not handle transactions from credit card payment gateways or refund transactions. These transactions should be ignored in the matching process and handled manually.
Summary
Path
The path shows you which step in the process you are up to:
- Statement Uploaded
- Auto-Reconciliation
- Manual Reconciliation
- Reconciliation Approval
- Payments Generated
Payments Received in Bank Statement
This figure shows the total value of the uploaded bank statement, excluding the transactions set to Ignored.
Matching Transactions
- Matched Transactions
- This figure shows the total value of transactions that have been matched, either through the Auto Matching or Manual Matching processes. Hover your mouse over this figure to get a detailed breakdown of auto-matched and manually matched transactions.
- Unmatched Transactions
- This figure shows the total value of transactions that require matching (through the manual matching process) before the statement can be finalised.
- Progress Bar
- This provides a guide as to the total value of transactions matched by showing X% of Transactions Matched to Invoices or Existing Payments.
Transaction Approvals
- Approved
- This figure shows the total value of transactions that have been matched and have been approved.
- Unapproved
- This figure shows the total value of transactions that have been matched and have not yet been approved.
- Progress Bar
- This provides a guide as to how much more you have to approve, by showing X% of Matched Transactions Approved for Payment Generation.
Tabs
Requires Matching
Displays an interface to complete the manual matching of transactions to Debtors, Payments and Invoices.
Requires Approval
Displays an interface to complete the approval of matches ready for payment generation.
All Transactions
Displays an interface with all the uploaded bank statement transactions and their outcomes for verification.
Related
Provides the files attached to the Bank Statement record.